Researchers' interest in monopsony has increased in recent years. This article reviews the
accumulating evidence that employers have considerable monopsony power. It summarizes …

This paper quantifies employer market power in US manufacturing and how it has changed
over time. Using administrative data, we estimate plant-level markdowns—the ratio between …

A product market is concentrated when a few firms dominate the market. Similarly, a labor
market is concentrated when a few firms dominate hiring in the market. Using data from the …

Using data on the near-universe of US online job vacancies collected by Burning Glass
Technologies in 2016, we calculate labor market concentration using the Herfindahl …

Job differentiation gives employers market power, allowing them to pay workers less than
their marginal productivity. We estimate a differentiated jobs model using application data …

This paper shows that more highly concentrated labour markets experience more positive
employment effects of the minimum wage. In the most concentrated labour markets …

Inequalities abound in the US economy, and a central driver in recent decades is the
widening gap between the hourly compensation of a typical (median) worker and …

How does employer market power affect workers? We compute the concentration of new
hires by occupation and commuting zone in France using linked employer-employee data …

Cities are increasingly setting their own minimum wages, and this trend has accelerated
sharply in recent years. While in 2010 there were only three cities with their own minimum …

Wages for the vast majority of workers have stagnated since the 1980s while, productivity
has grown. We investigate two coexisting explanations based on rising market power:(1) …